.
MergerLinks Header Logo

Announced

HICL to acquire a 45.75% stake in Texas Nevada Transmission from Manulife Investment Management and John Hancock.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For46%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

United States

Cross Border

Pending

Pipelines

Acquisition

energy transmission

Private

Single Bidder

Private Equity

Minority

Synopsis

Edit

HICL, an infrastructure investment company managed by InfraRed Capital, agreed to acquire a 45.75% stake in Texas Nevada Transmission, an essential energy transmission infrastructure asset, from Manulife Investment Management, a global asset manager, and John Hancock. Financial terms were not disclosed. This investment sees HICL partner with LS Power, a US electricity system developer and operator who has successfully developed more than 13 GW of power generation and over 660 miles of transmission infrastructure.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US